Strong market positions in core businesses; Moderate financial policies; Good growth prospects in home security business and stability in armored car/cash management business; and Good track record and reputation for quality and reliability. Sizable (but manageable) liabilities (including postretirement obligations) associated with former coal business; Competitive end markets; and Vulnerability to economic and competitive pressures. Ratings on The Brink's Co. reflect the diversity of its operations, the solid overall profitability of its armored car/cash management business and its home security business, and its moderate financial policies, offset somewhat by challenges associated with liabilities related to former coal operations, including postretirement benefit obligations. Ratings also reflect the improvement in the company's business and financial profiles following the recent sale of its
